ITAT Mumbai
Explore the latest ITAT Mumbai judgments, orders, and appellate decisions on direct tax matters from the Mumbai bench of the Income Tax Appellate Tribunal
![Condonation of Delay Over Spam Email: ITAT Remands 12AB Registration Application to CIT(E) [Read Order]](https://images.taxscan.in/h-upload/2025/08/15/2076885-condonation-spam-email-itat-12ab-registration-application-cite-taxscan.webp "Condonation of Delay Over Spam Email: ITAT Remands 12AB Registration Application to CIT(E) [Read Order]")
Condonation of Delay Over Spam Email: ITAT Remands 12AB Registration Application to CIT(E) [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has condoned the delay in filing an appeal after finding that the impugned order had been...
![ITAT Deletes Unexplained Cash Credit Addition of ₹2.85 Lakh u/s 68 Due to Lack of AO Verification of Broker Documents [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/2076427-itat-itat-deletes-unexplained-cash-credit-unexplained-cash-credit-taxscan.webp "ITAT Deletes Unexplained Cash Credit Addition of ₹2.85 Lakh u/s 68 Due to Lack of AO Verification of Broker Documents [Read Order]")
![Partnership Firm Losses Cannot be Added Back in Book Profit Calculation u/s 115JB:ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/2076409-partnership-firm-added-back-book-profit-itat-taxscan.webp "Partnership Firm Losses Cannot be Added Back in Book Profit Calculation u/s 115JB:ITAT [Read Order]")
![ITAT Allows Use of Extrapolated Data for Comparables With Different Year-End in ITeS Transfer Pricing Dispute Involving Goldman Sachs [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/2076448-itat-mumbai-goldman-sachs-itat-case.webp "ITAT Allows Use of Extrapolated Data for Comparables With Different Year-End in ITeS Transfer Pricing Dispute Involving Goldman Sachs [Read Order]")
![Relief for Goldman Sachs: ITAT Deletes ₹19.8 lakh TP Adjustment u/s 92CA as Margins Exceeds Comparables [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/2076361-goldman-sachs-taxscan.webp "Relief for Goldman Sachs: ITAT Deletes ₹19.8 lakh TP Adjustment u/s 92CA as Margins Exceeds Comparables [Read Order]")
Unsigned Loose Paper Not Convincingly Explained: ITAT Restores ₹75 Lakh On-Money Addition u/s 69A to CIT(A) [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the assessee's explanation for an unsigned loose paper found during search was not convincing and restored the Rs. 75 lakh ...
![Unsigned Loose Paper Not Convincingly Explained: ITAT Restores ₹75 Lakh On-Money Addition u/s 69A to CIT(A) [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/2076349-itat-money-addition-unsigned-loose-paper-taxscan.webp "Unsigned Loose Paper Not Convincingly Explained: ITAT Restores ₹75 Lakh On-Money Addition u/s 69A to CIT(A) [Read Order]")
Gold Loan Account Records and Bank Records validates Gold Loan Business: ITAT deletes Addition of Cash Withdrawals u/s 69C [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) deleted addition of cash withdrawal under Section 69C of the Income Tax Act, 1961, observing that the documentary evidence including gold...
![Gold Loan Account Records and Bank Records validates Gold Loan Business: ITAT deletes Addition of Cash Withdrawals u/s 69C [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/2076326-gold-loan-taxscan.webp "Gold Loan Account Records and Bank Records validates Gold Loan Business: ITAT deletes Addition of Cash Withdrawals u/s 69C [Read Order]")
Surcharge on Private Discretionary Trust Income: ITAT Applies 15% Rate as Income Does Not Exceed ₹2 Crores [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) applied a 15% surcharge on the income of a private discretionary trust, as the total income did not exceed ₹2 crores. Anil Gala...
![Surcharge on Private Discretionary Trust Income: ITAT Applies 15% Rate as Income Does Not Exceed ₹2 Crores [Read Order]](https://images.taxscan.in/h-upload/2025/08/10/2075243-surcharge-on-private-discretionary-private-discretionary-taxscan.webp "Surcharge on Private Discretionary Trust Income: ITAT Applies 15% Rate as Income Does Not Exceed ₹2 Crores [Read Order]")
![ITAT Directs AO to Delete Surcharge and Cess Wrongly Levied on Income Below ₹50 Lakh [Read Order]](https://images.taxscan.in/h-upload/2025/08/04/2072982-itat-itat-directs-ao-to-delete-surcharge-and-cess-taxscan.webp "ITAT Directs AO to Delete Surcharge and Cess Wrongly Levied on Income Below ₹50 Lakh [Read Order]")
Bogus LTCG Addition u/s 68 Not Sustainable: ITAT Validates Demerger-Allotted Shares Transaction Citing Genuineness of Documentary Evidence [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the long-term capital gains (LTCG) from sale of shares allotted pursuant to a demerger scheme were genuine, as the assessee...
![Bogus LTCG Addition u/s 68 Not Sustainable: ITAT Validates Demerger-Allotted Shares Transaction Citing Genuineness of Documentary Evidence [Read Order]](https://images.taxscan.in/h-upload/2025/08/01/2071816-bogus-ltcg-addition-itat-validates-demerger-allotted-transaction-documentary-evidence.webp "Bogus LTCG Addition u/s 68 Not Sustainable: ITAT Validates Demerger-Allotted Shares Transaction Citing Genuineness of Documentary Evidence [Read Order]")
MAT Credit Revised from ₹29.17 Cr to ₹29.94 Cr Post-Appellate Recalculation: ITAT Upholds Higher Claim [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) upheld the CIT(A)’s direction to allow Minimum Alternate Tax (MAT) credit of Rs. 29,94,40,364 under Section 115JAA of the Income Tax Act,...
![MAT Credit Revised from ₹29.17 Cr to ₹29.94 Cr Post-Appellate Recalculation: ITAT Upholds Higher Claim [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/2071545-itat-mumbai-mat-credit-mat-credit-revised-taxscan.webp "MAT Credit Revised from ₹29.17 Cr to ₹29.94 Cr Post-Appellate Recalculation: ITAT Upholds Higher Claim [Read Order]")
Unexplained Stock and Sales Suppression Additions: ITAT Upholds CIT(A)’s Order Citing Single CCTV Footage and Lack of Corroborative Evidence [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax (Appeals) [CIT(A)] order and ruled that the Assessing Officer's estimations, reliant on a...
![Unexplained Stock and Sales Suppression Additions: ITAT Upholds CIT(A)’s Order Citing Single CCTV Footage and Lack of Corroborative Evidence [Read Order]](https://images.taxscan.in/h-upload/2025/08/03/2072693-unexplained-stock-sales-suppression-additions-itat-cctv-footage-lack-of-corroborative-evidence-taxscan.webp "Unexplained Stock and Sales Suppression Additions: ITAT Upholds CIT(A)’s Order Citing Single CCTV Footage and Lack of Corroborative Evidence [Read Order]")